- RES 4 : 122.35
- RES 3: 121.75 (61.8% retracement of 125.27 and 116.07)
- RES 2: 121 (20 day 4 hma)
- RES 1 : 120.50 (7 day 4 HEMA)
PRICE: 120.05 @11:24 GMT
- SUP 1:119.56 (38.2% retracement of 116.07 and 121.72)
- SUP 2 :118.40 (25th Aug low)
- SUP 3: 118
- SUP 4: 116.07 (Aug 24th 2015)
USD/JPY broken short term support 120 and declined till 119.59. It is currently trading at 120.07. Overall trend is weak as long as resistance 121 holds.
On the downside any break below 119.59 confirms further weakness , a decline till 118.80/118.25 cannot be ruled out .
The pair's minor resistance is around 120.50 and any break above targets 121/121.75.
It is good to sell on rallies around 120.50 with SL around 121 for the TP of 119.59/118.80


FxWirePro: NZD/USD climbs, eyes 0.6000 level
JPY Currency Score: USDJPY Bears the Brunt as Other Pairs Shine
FxWirePro: USD/CAD firms slightly, but downward resumption looks likely
FxWirePro: AUD/USD slips as employment data misses expectations
FxWirePro: USD/CNY hit fresh 3 ½ year low , scope for further downside
USD/JPY Bearish at -95 as GBP/JPY, EUR/JPY, and CAD/JPY Lead Major Currency Scores at +85
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
AUD/JPY Dips Below 113: Key EMAs Hold Line for a Buy-on-Dip Setup
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD hits 3-month high, scope for further upside
FxWirePro: USD/JPY gains as yen retreats after Japan trade data
FxWirePro: USD/CAD moves lower as bearish sentiment grips
Gold Rebounds Past $4450: Bullish Structure Targets $4700 Resistance
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR slips lower as dollar weakens ahead of Fed minutes
FxWirePro: USD/JPY slips lower but outlook is bullish 



